Etana expands solar offtake portfolio
150 MW supply agreement linked to Orkney solar project supports renewable power delivery through South Africa’s distribution networks.
Image for illustrative purposes
South Africa: Etana Energy has secured additional long-term renewable electricity supply after signing a sole offtake agreement for 150 MW from the Orkney solar photovoltaic project, which has now reached financial close.
The agreement is linked to the 219 MWDC Orkney solar project located in South Africa’s North-West province. Once operational, the project is expected to generate around 478 GWh of renewable electricity per year, which will be wheeled to Etana’s customers through the country’s national and municipal distribution networks.
Etana is a South African electricity trading platform in which a subsidiary of Chariot holds a 34 % economic interest, alongside H1 Holdings, Norfund and Standard Bank. Chariot’s Generation and Trading business is co-owned with the Mahlako Energy Fund.
The Orkney project is being developed by Mulilo, a renewable energy developer and independent power producer. Financing is being provided by Mulilo together with a consortium of South African financial institutions.
This marks the second project delivered through the Etana–Mulilo partnership. The first was the 75 MW Du Plessis Dam Solar PV2 project, which began construction last year.
Chariot said the transaction reflects Etana’s strategy of addressing both renewable energy supply and customer demand by enabling the development of new projects. Over the past 12 months, Etana has supported projects with expected generation capacity exceeding 500 MW, contributing to the ongoing development of South Africa’s long-term energy infrastructure.
Source: Chariot Limited
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